INVESTIGATION – Players in the Old Continent are exposed to the slowdown in the automotive and industrial sectors, and are still struggling to benefit from the boom in components for AI and data centers. The new geopolitical context could make things worse.
It’s a small phrase, almost unnoticed, but full of meaning. In Munich last week, during the flagship semiconductor trade show, Electronica, a Brussels executive was invited to deliver his analysis on the current dynamics and ambitions of the European Chips Act. Adopted in winter 2023, this plan aimed to mobilize no less than 100 billion euros of public and private investment on the Old Continent, in order to double its market share in global chip sales in 2030 to reach around 20%. On the platform, the leader confirmed out loud what all the players have been thinking for several months now: Europe will not meet this ambition. « The objective is now to go from 8 % to 11 % by the end of the decade » reports a participant in the round table.
There was also talk of promises in the summer of 2023, when the former tenant of Bercy, Bruno Le Maire,…
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